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In early 2015 the price of condominium in Singapore rose. In a demand and supply model,
shifts in what curve or curves could have brought about the higher price?
The productivity of labour has increased twice. What will happen with the volume of output, value of one commodity, the value of total output? What is the difference between labour productivity and labour intensity?
Variant 5.
A worker gets wages (salary) from a capitalist. What function will money play in this case? What functions of money do you know? (5 points).
The productivity of labour has increased twice. What will happen with the volume of output, value of one commodity, the value of total output? What is the difference between labour productivity and labour intensity? (5 points).
The price of commodity has increased from 0,5 to 1 dol. and volume of demand has decreased from 10 to 5 units. Determine the coefficient of price elasticity and comment the result. (10 points).
A worker gets wages (salary) from a capitalist. What function will money play in this case? What functions of money do you know?
π1= -Q²+17Q-42 π2 = -Q²+16Q-38, at what level of output will profit be zero?
Daniel Mathews a footballer who is based in Sweden received a fine of $2 500 and a two-match suspension for use of performance-enhancing drugs. Daniel receives a match fee of $5 000 per match from the Sweden Footballers Board, plus additional appearance money of $10 000 per match from Adidas. He also pays $500 per match for comprehensive insurance against injury. In opportunity cost terms, the cost of this incident for Daniel Mathews is:
Michaela spends R10 in the morning on bus fare from her house in Mitchells Park to MANCOSA. In the afternoon the same trip costs R9.50. the fact that the bus fare is more expensive during rush hour and less expensive in the afternoon implies that the demand for the bus ride in the morning is……………………while during the afternoon the demand for the bus is…………………….
Show that the cost function for a firm with the constant returns Cobb-Douglas production function y=Az1αz21−α is given by C(p,y)=yp1αp11−αB , where B is a function of A and α only. Derive the conditional input demands
A monopolistic firm has the following demand functions for each of its products and,
The combined cost function is the maximum joint production function is 40. Find the profit maximizing level of
(i). Output (ii) Price (iii) Profit
Daniel Mathews a footballer who is based in Sweden received a fine of $2 500 and a two-match suspension for use of performance-enhancing drugs. Daniel receives a match fee of $5 000 per match from the Sweden Footballers Board, plus additional appearance money of $10 000 per match from Adidas. He also pays $500 per match for comprehensive insurance against injury. In opportunity cost terms, the cost of this incident for Daniel Mathews is:
